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Gov't approves state collateral for Petrokemija to seek loan

ZAGREB, Aug 31 (Hina) - Croatia's caretaker government on Wednesday approved state collateral for the Petrokemija artificial fertiliser company so that it can take a 200 million kuna loan from the Croatian Reconstruction and Development Bank (HBOR), to be used for restructuring and consolidation, and gave its consent to the Environmental Protection and Energy Efficiency Fund to overdraw its transaction account at the Croatian Postal Bank in the amount of HRK 100 million to maintain current liquidity.

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